accruing from the assets under (a) to (c), for example, right to dividend or interest, right to purchase capital increase shares and right to attend and vote at a meeting of securities holders, etc. (2

accruing from the assets under (a) to (c), for example, right to dividend or interest, right to purchase capital increase shares and right to attend and vote at a meeting of securities holders, etc. (2

accruing from the assets under (a) to (c), for example, right to dividend or interest, right to purchase capital increase shares and right to attend and vote at a meeting of securities holders, etc. (2

RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS FOR Q2/2017 EASTERN WATER RESOURCES DEVELOPMENT AND MANAGEMENT PUBLIC COMPANY LIMITED MANAGEMENT DISCUSSION AND

บริษัท เอบิโก้ โฮลดิงส์ จํากัด (มหาชน) / หมู่ อาคารเอบิโก้ ชัน ถ.พหลโยธิน ต.คูคต อ.ลําลูกกา จ.ปทุมธานี โทร - - โทรสาร - - Management Discussion and Analysis (MD&A) ABICO HOLDINGS ABICO HOLDINGS

Translation CEN 022-2017 August 11, 2017 Subject Management Discussion and Analysis for business operation of quarter 2/2017 To The Manager and President The Stock Exchange of Thailand For 3 months

percent compared to year 2015, due to decrease of salary, employment benefit, doubtful accounts, fees and other administrative expenses which are in line with the Company’s organizational management as

increase of salary, employment benefit, doubtful accounts, fees and other administrative expenses which are in line with the Company’s organizational management as aforementioned details. 5. Finance Costs

1 Translation CEN 025-2017 November 13, 2017 Subject : Management Discussion and Analysis for business operation of quarter 3/2017 To The Manager and President The Stock Exchange of Thailand For 3

Translation CEN 003-2018 February 23, 2018 Subject : Management Discussion and Analysis for business operation of year 2017 To : The Manager and President The Stock Exchange of Thailand Business